F.I.V.E. for Corporates tools

F.I.V.E. for Corporates is a Financial Instruments eValuation Engine introduced by the Deloitte Middle East (DME) Centre of Excellence to support organisations in complying with IFRS 9 requirements.

By developing specialised and sophisticated models such as the Merton Vasicek Model, we are able to estimate Probabilities of Default (PD) for any organisation.

F.I.V.E. for Corporates is a structured, straightforward and time-efficient solution for IFRS 9 compliance and provides users with interactive dashboards and business-oriented reports. The tools can serve as supportive evidence for audit trail purposes.

All the necessary tools required for IFRS 9 compliance are packaged as five independent excel-based modules:

Business model assessment tool - Evaluates how groups of financial assets are managed together to achieve a particular business objective

SPPI assessment tool - Classifies financial instruments based on the characteristics of their contractual cash flows

Provision matrix for trade receivables - Calculates the expected credit losses (ECL) of trade receivables adjusted with forward-looking information, including macroeconomic factors

ECL calculator for investments in debt securities, intra-group loans and financial guarantee contracts - Calculates the ECL, considering forward-looking information as well as assessment of a significant increase in credit risk, when determining impairment stages

Impact assessment of modification of financial instruments - Determines the Profit & Loss impact that will result following the modification of your financial instruments in accordance with IFRS 9